IQQQ.DE vs. EUNA.DE
IQQQ.DE (iShares Global Water UCITS ETF) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - IQQQ.DE is a Water Equities fund tracking the S&P Global Water, while EUNA.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond (EUR Hedged). Both are passively managed. Over the past 5 years, IQQQ.DE returned 5.32%/yr vs -1.29%/yr for EUNA.DE. At a 0.14 correlation, their price movements are largely independent. IQQQ.DE charges 0.65%/yr vs 0.10%/yr for EUNA.DE.
Performance
IQQQ.DE vs. EUNA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQQQ.DE achieves a -0.71% return, which is significantly lower than EUNA.DE's -0.46% return.
IQQQ.DE
- 1D
- -0.44%
- 1M
- -3.72%
- YTD
- -0.71%
- 6M
- -1.42%
- 1Y
- 1.94%
- 3Y*
- 6.09%
- 5Y*
- 5.32%
- 10Y*
- 9.10%
EUNA.DE
- 1D
- 0.22%
- 1M
- -0.12%
- YTD
- -0.46%
- 6M
- -0.07%
- 1Y
- 1.32%
- 3Y*
- 2.28%
- 5Y*
- -1.29%
- 10Y*
- —
IQQQ.DE vs. EUNA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQQQ.DE iShares Global Water UCITS ETF | -0.71% | 5.27% | 10.22% | 9.85% | -16.58% | 42.81% | 4.77% | 38.59% | -6.82% | 0.34% |
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.46% | 2.79% | 1.60% | 4.36% | -13.52% | -2.37% | 3.70% | 5.06% | -1.17% | -0.54% |
Correlation
The correlation between IQQQ.DE and EUNA.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2017 | 0.14 |
Over the past year, IQQQ.DE and EUNA.DE have become more correlated (0.43) than their long-term average of 0.14, meaning their price movements have been converging.
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Return for Risk
IQQQ.DE vs. EUNA.DE — Risk / Return Rank
IQQQ.DE
EUNA.DE
IQQQ.DE vs. EUNA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Water UCITS ETF (IQQQ.DE) and iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| IQQQ.DE | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.06 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 0.43 | -0.23 |
| Martin ratioReturn relative to average drawdown | 0.49 | 1.18 | -0.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IQQQ.DE | EUNA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 0.34 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | -0.28 | +0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | -0.05 | +0.55 |
Drawdowns
IQQQ.DE vs. EUNA.DE - Drawdown Comparison
The maximum IQQQ.DE drawdown since its inception was -48.04%, which is greater than EUNA.DE's maximum drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for IQQQ.DE and EUNA.DE.
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Drawdown Indicators
| IQQQ.DE | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.04% | -17.79% | -30.25% |
Max Drawdown (1Y)Largest decline over 1 year | -8.94% | -2.75% | -6.19% |
Max Drawdown (3Y)Largest decline over 3 years | -17.50% | -4.02% | -13.48% |
Max Drawdown (5Y)Largest decline over 5 years | -24.39% | -17.03% | -7.36% |
Max Drawdown (10Y)Largest decline over 10 years | -34.50% | — | — |
Current DrawdownCurrent decline from peak | -7.97% | -8.66% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -7.76% | -6.76% | -1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 0.99% | +2.52% |
Volatility
IQQQ.DE vs. EUNA.DE - Volatility Comparison
iShares Global Water UCITS ETF (IQQQ.DE) has a higher volatility of 3.43% compared to iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) at 1.35%. This indicates that IQQQ.DE's price experiences larger fluctuations and is considered to be riskier than EUNA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQQQ.DE | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 1.35% | +2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 8.83% | 2.82% | +6.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.67% | 3.46% | +8.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 4.64% | +9.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.19% | 4.27% | +10.92% |
IQQQ.DE vs. EUNA.DE - Expense Ratio Comparison
IQQQ.DE has a 0.65% expense ratio, which is higher than EUNA.DE's 0.10% expense ratio.
Dividends
IQQQ.DE vs. EUNA.DE - Dividend Comparison
IQQQ.DE's dividend yield for the trailing twelve months is around 1.65%, while EUNA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IQQQ.DE iShares Global Water UCITS ETF | 1.65% | 1.56% | 1.12% | 1.31% | 1.17% | 1.88% | 1.16% | 1.55% | 2.08% | 1.76% | 1.85% | 1.79% |
Frequently Asked Questions
IQQQ.DE and EUNA.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNA.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNA.DE is cheaper with a 0.10% expense ratio, compared with 0.65% for IQQQ.DE.
IQQQ.DE is categorized as Water Equities, while EUNA.DE is Global Bonds. IQQQ.DE tracks S&P Global Water, while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). Their fees differ too: 0.65% for IQQQ.DE and 0.10% for EUNA.DE.
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